The investment trust experienced a negative total return on NAV (-0.1%), share price (-0.7%) and benchmark (-0.5%) amidst a 12% increase in its investments in private companies.
Neil Woodford has suspended a fresh round of fund raising for the Woodford Patient Capital Trust he launched last year.
The Association of Investment Companies has launched a policy paper called ‘Balancing the EU Funds Market’, something which it says is not optimised to benefit the continent’s economies.
Alliance Trust announced it is raising its dividend as it released its full year results this morning.
Highbridge Capital Management has been appointed manager of the BlueCrest All Blue Investment Trust, following a vote at Wednesday’s extraordinary general meeting.
Neil Woodford is seeking to raise more money for the Woodford Patient Capital Trust he launched last year.
Despite a 58% jump in full year profit, GCP Infrastructure Investment’s results for the year stuck a fairly down beat note.
The 2015 Association of Investment Companies annual poll of fund managers found significantly less optimism than last year, but those with a positive outlook were still in the majority.
Net fundraising and secondary issuance hit an all-time high in 2015, according to research from the Association of Investment Companies.
Nick Train’s Finsbury Growth and Income Trust had a ‘disappointing’ November in large part due to the performance of the Daily Mail and Pearson, the manager said.
The Association of Investment Companies has created a new flexible investment sector in a bid to further improve the comparability of open and closed ended funds.
Investment trusts specialising in China and large cap commodities were winners in October, according to research from QuotedData.
Alliance Trust’s chief executive Katherine Garrett-Cox has stepped down from the investment company’s board as part of a shareholder triggered shake-up.
Activist shareholders, pension changes and the retail distribution review have catalysed the evolution of the investment trust sector says Jeremy Beckwith, director of manager research, UK, at Morningstar.
The Lindsell Train Investment Trust has taken the decision to stop using gearing in the future, largely as a result of the costs involved of adhering to the full scope of the Alternative Investment Fund Managers Directive.
Alliance Trust has received a major blow in its battle with major shareholder Elliott Advisors as the influential shareholder advisory and proxy Institutional Shareholder Services revealed its support for Elliotts position.
US hedge fund Elliott Advisors is cranking up the pressure on Alliance Trust as it seeks a shake-up of the board and strategy.
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